WCI #231: How Much Homeowners Insurance Do I Need?
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 7 October 2021
⏱️ 44 minutes
🧾️ Download transcript
Summary
We have had a lot of listeners request information on my homeowners insurance policy. After a large home renovation we had to make some pretty big changes to our policy. It is critical to know what your policy covers but also what it does not. There are a handful of things that are not covered and based on where you live you may want to look into additional coverage. You should also be very sure that the quality of your home is properly insured. If you have premium upgrades in your home you want to be sure if the worst happens you can have your home restored to its previous quality. Learn what the 5 most common gaps in coverage are at https://www.whitecoatinvestor.com/5-key-coverages-for-property-insurance/
By lowering out-of-pocket medication costs, GoodRx estimates it has helped patients get at least 78 million prescriptions they otherwise may not have been able to afford. Hand out GoodRx savings cards to your patients or recommend the GoodRx app, and you could be saving them up to 80% on prescriptions. Helping patients afford their prescriptions makes it more likely they will adhere to their treatment. GoodRx is accepted at over 70,000 U.S. pharmacy locations, no insurance needed, and all patients have to do is show the card or app to the pharmacist to save. Learn more at https://goodrx.com/wci
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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Transcript
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| 0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:18.0 | This is White Code Investor Podcast number 231. How much homeowners insurance do I need? |
| 0:23.0 | Did you know that 200 million prescriptions go in fill each year because of cost? |
| 0:27.0 | That's a lot of patients not getting the medications they need. But goodRx can help. How? |
| 0:32.0 | With free goodRx cards, it could save your patients up to 80% on retail prescription prices whenever they fill or refill. |
| 0:39.0 | The cards work at over 70,000 US pharmacy locations no insurance needed. In fact, they may be insurance. |
| 0:45.0 | For many Americans, adherence to treatment depends on whether they can afford it. Help your patients save on their medications so they can get and stay well. |
| 0:53.0 | To have free goodRx savings cards delivered to your office, go to goodRx.com slash WCI. |
| 0:58.0 | Once again, that's goodRx.com slash WCI. |
| 1:03.0 | Thanks so much for what you do out there. I don't know what you're doing right now, but if you're like most listeners, you're on your way to work. |
| 1:08.0 | Maybe you're coming home from work. Maybe you're at the gym. Maybe you're out getting some exercise. |
| 1:12.0 | Whatever it is, if nobody's told you thank you for the hard job that you do today, let me be the first. |
| 1:17.0 | I'm just coming off a couple of ships in the emergency department. We're certainly still seeing COVID in our emergency department, but I'm actually really excited about the trends we're seeing with COVID. |
| 1:28.0 | It seems whatever you call this, the second peak, the third peak, whatever of COVID, it's trending down right now, both in Utah and nationwide. |
| 1:37.0 | And hopefully, you know, this is the last peak. We'll see, I suppose, in the future, whether there's more variants that come out, we never know. |
| 1:45.0 | But it's pretty exciting not to see it going up still. It was really interesting. I had a patient this week. I took care of them for COVID related symptoms. |
| 1:54.0 | And they got symptoms on one day. The next day they got their first vaccination. And the day after that, they got a COVID test. |
| 2:00.0 | You know, I think they started worrying they actually had COVID or opened the vaccination would be in time to do something about it. |
| 2:07.0 | Unfortunately, I had to ensure them that the vaccination was not going to help this particular illness as they already had the virus by the time they got in the vaccine. |
| 2:17.0 | But for those of you who haven't, I encourage you to go out and get your vaccine. You actually required to get it if you're going to come to WC icon 22. |
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